Wednesday, December 26, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION


Keybot the Quant remains short as the algo is off to a quick start for this holiday-shortened week. Copper and commodities provided the early lift but then JJC 45.38 and RTH 43.65 broke down moving into the bear camp creating market weakness. VIX is over 19. Utilities are weak. Financials are holding up and remaining bull friendly. The SPX 1419 support level is key and an important bull-bear line in the sand. Markets remain unstable.

12/30/12; 7:00 PM EST =
12/27/12; 10:00 AM EST =
12/26/12; 10:42 AM EST = -15; signal line is +13
12/26/12; 10:20 AM EST = +1; signal line is +14
12/26/12; 9:48 AM EST = +17; signal line is +14 but algorithm says stay short
12/24/12; 12:24 PM EST = +1; signal line is +14

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